news out columbian coal option, page-11

Again, confusion / less clarity in ann.

"The A$5 million facility will be made available to the Company in three tranches, with the first tranche of A$2.5 million already drawn (under its existing 15% capacity) and two subsequent tranches each of A$1.25 million after 30 and 60 days. "

The first tranche has been drawn down. So, it would be based on the floor price 0.15
Not sure when it was drawn down.

"The facility is subject to a floor price of A$0.15, whereby the Company may elect not to issue the convertible notes and to terminate the facility at no cost if the market price of its shares is below the floor price. "

So, it is likely that in the next 30 days the SP will be above A$0.15